Table 2-10 Table 2-10 Shows the Output Per Month of Month

question 161

Multiple Choice

Table 2-10
Table 2-10 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2-10. Which of the following statements is true?

• A) Fred has a comparative advantage in making both products.
• B) Barney has a comparative advantage in making both products.
• C) Barney has a comparative advantage in making pogo sticks and Fred in making unicycles.
• D) Barney has a comparative advantage in making unicycles and Fred in making pogo sticks.

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Definitions:

Primary Influences

The main factors or individuals that affect the decisions and behavior of a person or within a specific context such as purchasing decisions.

Ethical Decision-Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Sexual Harassment

Unwanted or inappropriate comments, advances, or any form of conduct of a sexual nature that creates an uncomfortable or hostile environment for the recipient.

Internal Grievance Procedures

The formal process within an organization for addressing complaints or disputes from its employees.